Vietnam, Cuba share reform experience hinh anh 1Overview of the seminar (Source: VNA)
Vietnamese economists presented Vietnam’s experience in its 30-year “Doi Moi” (reform) process and building a socialist-oriented market economy at a recent seminar in the Cuban capital city of Havana.

The event, which lasted from October 26-28, gave Cuban delegates insight into Vietnam’s agriculture and rural areas, industrialisation and modernisation, State-owned enterprise restructuring, private economy, foreign investment attraction, public administrative reform, monetary policy and banking system.

The Cuban side showed interest in financial and monetary overhauls and macro policies in Vietnam as well as the country’s settlement of complicated issues regarding the State budget and interest rates.

Hailing the precise presentations of the Vietnamese experts, Marino Murillo, Vice President of the Cuban Council of Ministers, said Vietnam’s experience is useful for Cuba in revising its economic growth.

Nguyen Xuan Thang, President of the Vietnam Academy of Social Sciences, praised the initiative to organise the seminar, describing it as pragmatic to actualise outcomes of the visit to Cuba by President Truong Tan Sang last September.

The event was jointly held by the Cuban Ministry of Foreign Affairs and the committee on implementing the economic model update of the sixth Congress of the Communist Party of Cuba.

It brought together Vietnamese senior experts and nearly 100 Cuban delegates, including ministers and the Central Bank Governor.

On the fringes of the seminar, Marino Murillo held a meeting with Vietnamese economists to exchange experiences in macro-economic, financial and monetary policies.-VNA